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A comment on Shoppers Love Rewards Credit Cards, Retailers Hate Them. Parent comment

Re:Shoppers Love Rewards Credit Cards, Retailers Hate Them by logifail on Friday September 28, 2018 @07:24AM (#18092519)
If I go to Transferwise to buy foreign currency, I'm charged the same additional fee whether I fund my transfer from a debit or a credit card.

This doesn't seem right as it must be more expensive for them to process a credit card payment.

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Re:Shoppers Love Rewards Credit Cards, Retailers Hate Them by cbzoiav on Friday September 28, 2018 @08:13AM (#18092707)
0.2% interchange on debit cards vs 0.3% on credit card. Within the EU they can't legally charge a card fee but can choose to say not accept credit cards or to charge a top up fee to all payment methods.
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Re:Shoppers Love Rewards Credit Cards, Retailers Hate Them by logifail on Friday September 28, 2018 @01:08PM (#18094996)
Transferwise do charge a card fee, here's what their UI has just offered me at the final confirmation screen:

"Choose your transfer type

Bank transfer Low cost transfer - 2.54 GBP in total fees Send the money from your bank account.

Debit card/Credit card Fast and easy transfer - 3.54 GBP in total fees"

That's a surcharge for paying by card vs a bank transfer.

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